Energy Transfer - ET Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last twelve months. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ET shares.
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9 Wall Street research analysts have issued 12 month price objectives for Energy Transfer's stock. Their ET share price forecasts range from $13.00 to $15.00. On average, they predict the company's share price to reach $14.25 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price.
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Energy Transfer's stock was trading at $8.23 at the beginning of the year. Since then, ET shares have increased by 36.2% and is now trading at $11.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ET earnings forecast.

Energy Transfer LP (NYSE:ET) released its quarterly earnings data on Wednesday, November, 3rd. The pipeline company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by $0.05. The pipeline company earned $16.66 billion during the quarter, compared to analyst estimates of $14.96 billion. Energy Transfer had a net margin of 4.83% and a trailing twelve-month return on equity of 11.98%. During the same quarter in the prior year, the business posted $0.30 EPS.

Energy Transfer announced a quarterly dividend on Tuesday, July 26th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.23 per share on Friday, August 19th. This represents a $0.92 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend is Friday, August 5th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for ET.

Energy Transfer (NYSE:ET) pays an annual dividend of $0.92 per share and currently has a dividend yield of 8.45%. ET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 73.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ET will have a dividend payout ratio of 69.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ET.

Shares of Energy Transfer split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were issued to shareholders after the market closes on Thursday, June 12th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

109 employees have rated Energy Transfer Chief Executive Officer Kelcy L. Warren on Glassdoor.com. Kelcy L. Warren has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer investors own include Enterprise Products Partners (EPD), AT&T (T), Targa Resources (TRGP), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Ford Motor (F) and Verizon Communications (VZ).

Energy Transfer trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."

Energy Transfer's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (0.82%), Chickasaw Capital Management LLC (0.64%), CIBC Private Wealth Group LLC (0.59%), Mirae Asset Global Investments Co. Ltd. (0.48%), Jennison Associates LLC (0.38%) and Miller Howard Investments Inc. NY (0.18%). Insiders that own company stock include Bradford D Whitehurst, Bradford D Whitehurst, James Richard Perry, Kelcy L Warren, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray C Davis, Ray W Washburne, Richard D Brannon, Thomas E Long and Thomas P Mason.
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Shares of ET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ET stock can currently be purchased for approximately $11.21.

Energy Transfer (NYSE:ET) has a market capitalization of $34.60 billion and generates $67.42 billion in revenue each year. The pipeline company earns $5.18 billion in net income (profit) each year or $1.25 on an earnings per share basis.

The company employs 12,558 workers across the globe.

Energy Transfer was founded in 2001.

Energy Transfer's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The official website for the company is www.energytransfer.com. The pipeline company can be reached via phone at (214) 981-0700, via email at investorrelations@energytransfer.com, or via fax at 214-981-0703.